Travis is a financial industry veteran more than 10 years' experience navigating the markets. He started his career as a clerk for a proprietary trading firm on the floor of the Chicago Mercantile Exchange, eventually earning his badge and trading in both the S&P 500 options pit and S&P 500 Futures pit. He went on to spend time managing the firm's Euro Currency options operations and later their Euribor/Short Sterling operations. After 6 years on the floor Travis took a position with the Chicago-based investment bank Howe Barnes Hoefer & Arnett (now Raymond James), managing high net worth and institutional portfolios. It was here that Travis was reconnected with the Najarians (Jon and Pete) and accepted a position with their newly-launched company, tradeMONSTER. Travis spent 3 years as director of business development, helping grow the young brokerage firm from a startup to the industry leader it is today. In the summer of 2012 Travis launched the firm FuturesANIMAL, seeking to provide retail traders with the same access to the futures market that institutional traders have. Travis has a B.A. from Lake Forest College and an M.S. in Management from New York University. He is series 3, 7 and 63 registered.
We continue to stress the need for a modest pullback in order to have some firm footing beneath a continued push higher moving forward. These are the reasons why and levels to watch.
The bottom line here is creating a disciplined approach to trading that works for you.
Regardless of where or what you end up doing on "Black Friday", please refrain from doing the following.
There are always opportunities in the market, it just requires one to understand that they may need to alter their trading plan to include markets and opportunities that they have not previously considered.
The price action in gold over the course of the past few months has been perplexing to say the least
Retail traders are becoming more and more interested in what futures have to offer as an addition to their investment portfolio.
Remain fluid with the markets and do not get caught being dogmatic in your views.
While I believe today's market action to be a knee jerk reaction, what it speaks to is the "jittery" nature that will exist around Fed speak and key economic data in the months ahead.
While Q3 earnings have been an upside surprise, it is my belief that this market is less concerned with fundamentals and remains infatuated with the easy money policies of the Fed.
I am going to provide you with a very basic understanding of the relationship and how the retail investor can use the information.
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